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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 17, 2000
Page
5
Closing prices and quotations are provided by Ron Campbell Investment Planning and Raymond James Financial Services. Verification contact numbers and firm affiliations are listed for investor inquiries and record accuracy.
The Dow industrial average jumps 499.19 to 10,630.60 in a record one day rise as investors chase bargains in blue chips and tech shares rebound from brief weakness. Nasdaq ends up 134.67 at 4717.29 as tech stocks recover.
Ashland Inc directors approve a plan to distribute over 17 million Arch Coal shares to holders. The move shifts from a tax free distribution to a taxable dividend due to IRS rulings uncertainty and Arch negotiations. Each Ashland share will receive about 0.246 Arch shares, with Ashland retaining roughly 4.7 million Arch shares for sale.
February wholesale prices jump 1 percent led by a 5.2 percent surge in energy costs, marking the largest energy-driven increase in nearly a decade. The Dow posted a record one day gain of 499.19 points to 10,630.60 as investors shrugged off inflation signs.
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